Tag Archive for investigation

2 LiveWave Distributors Raised Concerns In The USA

Have you seen this van? It’s been driving around the Fargo area (USA) lately, and it was raising some concern.
They’re selling “stem cell patches”, hoping you’ll try them out for a variety of ailments.
“We’ve studied it for three years. It’s new technology. It’s cutting edge,” says salesman John Flugge.
Him and his business partner are selling LifeWave patches. LifeWave claims to “harness your body’s natural energy”.
“I talked to my cousin last night he had two knee surgeries. He had stem cell shots. He had over 70 different operations. I said, ‘Carl, you’re not going to need that anymore.
Put the stem cell patches on. Let’s see what happens.’ His wife had a lot of wrinkles. In about three months, those were all gone. Women are no longer needing face lifts,” says Flugge’s business partner Michael Ayers.
Their hope is that you put on a patch for 12 hours, take it off for 12 hours, put a new one on and repeat.

“What we really believe is people are going to take this and get away from what they’re addicted to, as far as pharmaceuticals and not getting healed. It’s going to take the country by storm,” says Ayers.
The men say, it’s about

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Swedish Police Close OneCoin Investigation

 
According to an Onecoin press release:
Great news! We’ve got another official evidence against false and harmful rumours. Case closed, and we keep working. If you want to read all the details, here you have the official statement:
The Swedish Gaming Authority has confirmed that an enquiry by the Swedish Police into the OneCoin cryptocurrency and its associated multi-level marketing business, OneLife, has now been closed.
The Swedish Police issued an official decision on the case on February 6th 2017, stating that the preliminary investigation has been discontinued.
The Police statement indicated that there was no basis upon which to continue the investigation as there was no reason to believe that an offense had been committed. The Police confirmed its decision to the Gaming Authority on March 1st 2017.
OneCoin stated: “
We have been aware for

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SEC To Investigate Avon

 
Three Years Of Investigations
Probes Reporter continued that it has been following both disclosed and undisclosed SEC investigations against Avon since October 2012. In letters dated December 17, 2014, and August 18, 2015, the SEC has “confirmed this company’s involvement in on-going enforcement proceedings.”
‘No New’ Activity
The report further noted that Avon “made no new disclosures of SEC investigative activity” since the conclusion of an investigation in December 2014. In addition, the investigation confirmed on August 18, 2015, “appears unrelated” to the previous disclosure.
$68 million was paid to settle the DOJ’s criminal investigation and $67 million settled the SEC’s civil investigation. As part of the settlement, Avon was also required to retain an independent monitor to review its FCPA compliance program for a period of 18 months, followed by an additional 18 months of

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Forever Living Warned By ASA

 
A Warwick-based health products distributor has been rapped by advertising regulators after complaints were made about claims on its website.
Forever Living Products (UK) Ltd, part of US-headquartered Forever Living, makes and sells a range of aloe vera-based products for the health market.
It has been warned about two claims on its website, foreverliving.com, by the Advertising Standards Authority (ASA) after a complaint was lodged by Northamptonshire Trading Standards.
The organisation challenged whether claims about the company’s Forever Therm supplement were authorised on the EU register and if claims made in an ad for clients’ weight loss were in compliance with advertising codes.
Forever Living argued that the product could contribute to a reduction of tiredness and fatigue, which is authorised on the EU register in relation to vitamins B6, B12 and C, and said the

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Blyth Being Investigated For Breach Of Fiduciary Responsibilities

 
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Blyth, Inc. (“Blyth” or the “Company”) (BTH) for potential breaches of fiduciary duties in connection with the sale of the Company to The Carlyle Group LP for approximately $98 million in a cash transaction. 
The Company’s stockholders will only receive $6.00 for each share of Company common stock they own. However, the offer represents an inadequate premium since it is lower than both the 52-week high of $10.27 per share and considerably lower than at least one Wall Street analyst price target of $40.00 per share 
The investigation focuses on whether Blyth’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether

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